US PMI composite rose to 51.0, hopes of soft landing encouraged

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<p>US PMI Manufacturing ticked up from 49.8 to 50.0 in October. PMI Services rose from 50.1 to 50.9. PMI Composite rose from 50.2 to 51.0. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said: “Hopes of a soft landing for the US economy will be encouraged by the improved situation seen in October. […]</p>
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